Jon Prentice
This post has been provided courtesy of ICA
Unless you have been living under a rock for the past 12 months, you will probably be aware of the latest phenomenon taking the digital world by storm; non-fungible tokens, or as they are more popularly known, NFTs. While NFTs …
Within the blink of an eye, 2021 has been and gone and 2022 is upon us. At the end of last year we wrote about three of the biggest talking points from 2021 ; now we shift our attention to …
With 2021 quickly drawing to a close – a year full of interesting developments and thought-provoking incidents within the world of financial crime and compliance – now seems an apposite time to reflect on the last 12 months and recap …
Many aspects of life over the last year have stagnated as a result of the COVID-19 pandemic, with the virus grinding whole countries and economies to a halt. However, one thing that defied the slowdown – depressingly – was the …
Ask any compliance officer the most common question put to them, and most will likely reply: ‘can I do this?’ or ‘am I allowed to do this?’. In years gone by the response would be probably have been a straightforward …
The pernicious strength of terrorism is its element of surprise: just when you think it’s disappeared, it rears its ugly head. A proven and effective method of preventing it is disrupting the financial networks used to fund it. This has …
$2 trillion – that’s the amount of illicit funds estimated to be laundered through financial institutions annually. Worse, financial crime appears to be increasing. In response, Europol estimate that banks globally are spending $260 billion each year in financial crime …
Human trafficking is one of the fastest growing and most widespread criminal activities in the world. A 2018 report by the Financial Action Task Force (FATF) highlighted that the proceeds from human trafficking exceeded $150 billion – a significant increase …
Money laundering scandals have been all over the news recently, with banks such as Danske and Swedbank, amongst many others, being named as facilitating a multitude of transactions involving laundered funds. The latest reported money laundering schemes, known as ‘laundromats’ …